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Ripple’s XRP Technical Analysis: XRP/USD dead triangle still lingers

FX Street
Updated:
  • Ripple’s XRP price is seen trading in minor negative territory on Tuesday, stuck within the confinements of a bearish structure.  
  • XRP/USD price action is moving within a narrowing triangular pattern formation.  

 

Spot rate:                  0.3164

Relative change:       -0.14%

High:                         0.3179

Low:                          0.3149

image.gif
image.gifXRP/USD 60-minute chart
  • Near-term price action via the 60-minute view is moving within a bearish pennant  structure.  

XRP/USD daily chart

  • XRP/USD daily price action has slipped back within the narrowing triangular pattern formation, big breakout still eyed.  
  • The price is running at its third consecutive session in the red, continuing to cool.

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